Suppose the velocity of the money is constant and potential GDP is growing at 31 percent. Based on the Bank of Canada's target inflation rate, what is the growth ate of the mon supply? Mutple Cholce 51%

MACROECONOMICS
14th Edition
ISBN:9781337794985
Author:Baumol
Publisher:Baumol
Chapter15: The Debate Over Monetary And Fiscal Policy
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Suppose the velocity of the maoney is constant and potential GDP is growing at 31 percent. Based on the Bank of Canada's target inflation rate, what is the growth ate of the money
supply?
Mutipie Choice
5%
0%
Transcribed Image Text:Suppose the velocity of the maoney is constant and potential GDP is growing at 31 percent. Based on the Bank of Canada's target inflation rate, what is the growth ate of the money supply? Mutipie Choice 5% 0%
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